1 Funds are taxable upon withdrawal. RRSP Savings Account is not eligible for withdrawals through bank machine or INTERAC Direct payment transactions. A transfer fee applies if you transfer funds to another financial institution, other than CIBC.
2 Funds are not taxable even when withdrawn. Any withdrawals made from your account during the year will be added to your contribution room for the next calendar year, other than withdrawals to correct over-contributions. Transfers between Tax-Free Savings Accounts will leave your annual contribution room unchanged. The Tax-Free Savings Account is not eligible for withdrawals through bank machine or Interac® Debit transactions. A transfer fee applies if you transfer funds to another financial institution, other than CIBC.
3 Transfers in are considered contributions unless the transfer is from another RRSP of yours or, in certain circumstances, your spouse or common-law partner.
4 Transfers in are considered contributions unless the transfer is from another Tax-Free Savings Account of yours or, in certain circumstances, your spouse or common-law partner.
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